DKNG vs. NIO
DKNG (DraftKings Inc.) and NIO (NIO Inc.) are both stocks. Both are in the Consumer Cyclical sector — DKNG in Gambling, NIO in Auto Manufacturers. Over the past 5 years, DKNG returned -11.41%/yr vs -35.22%/yr for NIO. At a 0.32 correlation, their price movements are largely independent.
Performance
DKNG vs. NIO - Performance Comparison
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Returns By Period
In the year-to-date period, DKNG achieves a -15.84% return, which is significantly lower than NIO's 2.16% return.
DKNG
- 1D
- -3.40%
- 1M
- 15.86%
- YTD
- -15.84%
- 6M
- -18.36%
- 1Y
- -23.64%
- 3Y*
- 3.52%
- 5Y*
- -11.41%
- 10Y*
- —
NIO
- 1D
- -0.38%
- 1M
- -20.34%
- YTD
- 2.16%
- 6M
- 3.58%
- 1Y
- 43.92%
- 3Y*
- -16.32%
- 5Y*
- -35.22%
- 10Y*
- —
DKNG vs. NIO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DKNG DraftKings Inc. | -15.84% | -7.37% | 5.53% | 209.48% | -58.54% | -41.00% | 127.19% |
NIO NIO Inc. | 2.16% | 16.97% | -51.93% | -6.97% | -69.22% | -35.00% | 1,492.81% |
Correlation
The correlation between DKNG and NIO is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Apr 24, 2020 | 0.32 |
Over the past year, the correlation between DKNG and NIO has dropped to 0.08 - well below their long-term average of 0.32, suggesting their price drivers have been diverging.
Fundamentals
DKNG:
$0.15
NIO:
-CN¥3.74
DKNG:
1.83
NIO:
0.85
DKNG:
$6.29B
NIO:
CN¥100.51B
DKNG:
$2.63B
NIO:
CN¥15.77B
DKNG:
$319.39M
NIO:
-CN¥7.54B
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Return for Risk
DKNG vs. NIO — Risk / Return Rank
DKNG
NIO
DKNG vs. NIO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DraftKings Inc. (DKNG) and NIO Inc. (NIO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DKNG | NIO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.20 | ||
| Sortino ratioReturn per unit of downside risk | -1.85 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.16 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | 1.01 | -1.43 |
| Martin ratioReturn relative to average drawdown | -0.67 | 1.78 | -2.45 |
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Drawdowns
DKNG vs. NIO - Drawdown Comparison
The maximum DKNG drawdown since its inception was -85.73%, smaller than the maximum NIO drawdown of -95.00%. Use the drawdown chart below to compare losses from any high point for DKNG and NIO.
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Drawdown Indicators
| DKNG | NIO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.73% | -95.00% | +9.27% |
Max Drawdown (1Y)Largest decline over 1 year | -57.04% | -43.73% | -13.31% |
Max Drawdown (3Y)Largest decline over 3 years | -61.26% | -79.69% | +18.43% |
Max Drawdown (5Y)Largest decline over 5 years | -83.87% | -94.10% | +10.23% |
Current DrawdownCurrent decline from peak | -59.71% | -91.71% | +32.00% |
Average DrawdownAverage peak-to-trough decline | -48.95% | -67.90% | +18.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.43% | 24.74% | +10.69% |
Volatility
DKNG vs. NIO - Volatility Comparison
DraftKings Inc. (DKNG) and NIO Inc. (NIO) have volatilities of 17.90% and 17.58%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DKNG | NIO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.90% | 17.58% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 36.93% | 41.08% | -4.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.20% | 62.74% | -14.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.31% | 71.62% | -10.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.34% | 86.66% | -23.32% |
Dividends
DKNG vs. NIO - Dividend Comparison
Neither DKNG nor NIO has paid dividends to shareholders.
Financials
DKNG vs. NIO - Financials Comparison
This section allows you to compare key financial metrics between DraftKings Inc. and NIO Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
DKNG vs. NIO - Profitability Comparison
DKNG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, DraftKings Inc. reported a gross profit of 696.69M and revenue of 1.65B. Therefore, the gross margin over that period was 42.3%.
NIO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, NIO Inc. reported a gross profit of 4.86B and revenue of 25.53B. Therefore, the gross margin over that period was 19.0%.
DKNG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, DraftKings Inc. reported an operating income of 5.85M and revenue of 1.65B, resulting in an operating margin of 0.4%.
NIO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, NIO Inc. reported an operating income of -308.81M and revenue of 25.53B, resulting in an operating margin of -1.2%.
DKNG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, DraftKings Inc. reported a net income of 21.07M and revenue of 1.65B, resulting in a net margin of 1.3%.
NIO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, NIO Inc. reported a net income of -496.01M and revenue of 25.53B, resulting in a net margin of -1.9%.
Frequently Asked Questions
DKNG and NIO have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DKNG has higher volatility (17.90%) compared to NIO (17.58%). In terms of maximum drawdown, DKNG dropped -85.73% vs NIO's -95.00%.
NIO currently has the higher Sharpe Ratio (0.70 vs -0.49), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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